SCHEDULE 13G/A: Ranjan R. Pai and Manipal Global Health Services Disclose 8.7% Stake in SS Innovations International, Inc.
Beneficial Ownership Report
An amended Schedule 13G filing reveals that Ranjan R. Pai and Manipal Global Health Services collectively hold an 8.7% beneficial ownership stake in SS Innovations International, Inc. as of December 31, 2024.
Summary
- Ranjan R. Pai, M.D., and Manipal Global Health Services have filed an Amendment No. 1 to Schedule 13G, reporting their beneficial ownership in SS Innovations International, Inc.
- As of December 31, 2024, both reporting persons beneficially own 14,949,070 shares of Common Stock.
- This ownership represents 8.7% of the outstanding Common Stock of SS Innovations International, Inc.
- The percentage is calculated based on 170,873,415 shares of common stock outstanding as of January 14, 2025, as reported in the issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
- Ranjan R. Pai, M.D., is a citizen of India, and Manipal Global Health Services is organized in Mauritius.
- The shares held by Manipal Global Health Services are indirectly controlled by The RSP Trust, Mauritius, where Dr. Pai is a Trustee, Beneficiary, and one of the two Settlors, holding a 100% interest in Manipal Global Health Services.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of significant beneficial ownership, common in the financial industry for transparency regarding large shareholder positions. It does not provide specific insights into broader industry trends or competitive landscape beyond the ownership structure of SS Innovations International, Inc.
Stakeholder Impact
- Shareholders: The filing indicates a significant concentration of ownership (8.7%) by Ranjan R. Pai and Manipal Global Health Services, which could influence corporate governance and strategic decisions.
Key Dates
| Date | Description |
|---|---|
| 2023-09-30 | End of quarter for which SS Innovations International, Inc.'s Form 10-Q reported 170,873,415 shares outstanding. |
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership stake). |
| 2025-01-14 | Date as of which 170,873,415 shares of common stock were reported outstanding by the issuer. |
| 2025-02-12 | Date of signing and filing of the Schedule 13G Amendment No. 1. |
Keywords
SS Innovations International Inc., Ranjan R. Pai, Manipal Global Health Services, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Shareholder Disclosure
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